How to Resolve IRS Tax Issues

How to Resolve Your Tax Issues With the IRS

For the individual or business taxpayer who has run afoul of the IRS or the state and is dealing with seemingly overwhelming tax issues, there are words of wisdom to successfully resolve your tax problems, how to pay your taxes on a timely basis by properly utilizing withholding, estimated payments, and extensions. Though there are many you can do to help you avoid tax problems and unnecessary penalties, we can also help you discover the general guidelines and rules of how to qualify for and process an Offer in Compromise. This is a process where both the Internal Revenue Service and the States will reduce your bill to what you can afford to pay based upon detailed tax regulations, procedures, and careful compliance.

Knowing your options to resolve tax issues, penalties, back returns, liens, levies and garnishments is your best first step in successfully navigating the tax maze and many representation variables. By keeping it simple or by "dummying it down" dealing with technically difficult and sensitive issues are embodied and critical to keep you well informed of the progress as your account works its way through the tax system.

 IRS Tax and Compliance Audits

How Audits are Selected

Learning about how audits are selected is the first step to discovering how to overcome the emotional and financial distress that normally occurs as part of the audit process. Lifting this veil will help keep you on an even keel in learning how to deal with the IRS audit. Generally IRS Audits are selected based upon three criteria including a random selection, based upon the percentage of your deductions vs. the income, and if the IRS is working within a specific industry to increase compliance.

When the IRS Notice Arrives

Rather than beginning the process in fear, discover how you can better prepare yourself so that you are not surprised at the audit process and its ultimate results. By seeing through to the other side you can best ready yourself to close your audit with no adjustments and no additional monies due. So the first thing to do when that IRS notice arrives is not to panic, to sit down and breathe deep, and to call a seasoned and experienced CPA to help you understand your many varied options.
Resolving Your Tax Issues With the IRS

Fixing IRS Tax Issues

Don't fight the IRS but work with them to resolve your tax problems. Discover a myriad of legal ways the IRS is eager and willing to work with you to resolve any unpaid debts, penalties, and interest. Jesus exhorts us to render under Caesar what is Caesar's; accordingly as Believers we are to work within the system and not outside of it. Also, you are able to do so much more in life and with the IRS if you work within the confines, rules and regulations of the system rather than impeding your own progress at every step of the way.

Withholding and Extensions - Knowing When Your Taxes Are Due

Paying your taxes made easy. This section will enable you to quickly grasp the general guidelines of tax law requiring that you pay taxes as you earn money. As well, extensions and their uses and limitations are disclosed and discovered. Many fail at the initial understanding of how tax monies are to be paid to the IRS and when they are due. Tax monies since World War II have generally been due and payable to the IRS at the time the monies are earned rather than when the return is filed. Also avoid the trap that many fall prey to in falsely believing that an extension to file is an extension to pay, as nothing could be further from the truth.

Legally Avoiding an IRS Audit

Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. By reviewing the articles on our web site at http://www.hiscpa.com/blog/2008/10/07/how-to-avoid-top-10-mistakes-taxpayers-make/ you will learn many of the frequent mistakes that taxpayers make in the filing of their own return and how to avoid causing your own dilemma.

Submitting an Offer in Compromise

When all else fails and if you qualify, the IRS and the states both have a program which will enable you to work to solve the severest tax problems. If the amount you owe is more than a combination of your net worth and your excess cash flows over the last five years, all of your tax filings and payments are current then both the IRS and Georgia will work with you to reduce the amount you owe.

These are just a few of the options available for you to use and not all are the one best suited for you. Many of the options that get the most press such as an Installment Agreement or Offer in Compromise are often not the best option for you to use and avoiding unwise and imprudent options is a critical component of getting your tax issues resolved and your tax filings and payments back on track.

John Dillard is a Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta CPA firm) and for his latest book Overcoming Life's 9/11's: Job's Journey visit http://www.john-dillard.com/